Richard Nanula resigns from Miramax and Colony

Richard Nanula

Colony Capital

Richard Nanula is out as chairman of Miramax

Richard Nanula is out as chairman of Miramax (Colony Capital)

Daniel Miller

Richard Nanula has resigned as chairman of Miramax and as a principal of private equity firm Colony Capital, a co-owner of the independent movie producer, in the wake of two websites recently publishing photos of a man identified as Nanula having sex with an adult film actress.

The resignation of Nanula was confirmed by an executive close to Colony with direct knowledge of the matter who declined to speak publicly because of the sensitive nature of the situation. His exit comes after he had taken an abrupt leave of absence in late June.